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By Mike Wackett
The seemingly never-ending quest by ocean carriers to operate bigger ships was a significant spur for orders for 60 18,000-22,000 teu behemoths in 2015, according to Alphaliner.
Carriers were apparently undeterred by weakening market conditions last year and continued their big-ship strategies – ultra-large container vessels (ULCVs) representing 24% of the total cellular orderbook.
The analyst warned that the “ongoing race” between carriers within the four east-west vessel-sharing alliances to have the lowest unit costs, by reason of the highest nominal capacity, ...
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